Inflows into Spot Bitcoin ETFs Continue for 4th Consecutive Day
Thursday marked the fourth consecutive day of net positive flows into spot Bitcoin exchange-traded funds, ending the month on a strong note.
According to data from SoSo Value, the total net inflow for spot Bitcoin ETFs in the United States was $183 million on March 28, bringing the cumulative total net inflow for the month to approximately $12.13 billion.
The iShares Bitcoin ETF from BlackRock had the largest net inflow of $95.12 million, while the Fidelity Wise Origin Bitcoin Fund also saw significant inflows of $69.09 million.
However, the Grayscale Bitcoin Trust continued to experience net outflows, with around $105 million leaving the product.
Despite this, spot Bitcoin ETFs have remained popular since gaining approval earlier this year, with cumulative volumes reaching close to $200 billion as of March 27.
